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Yes, Law has already spoken. Bad faith and fair dealings said the big bad govt actors should be punished for the NWS with these penalties.
Penalities:
- Pay FMCC 600 million
- Keep SPS intact
- Liq pref intact
- Not deemed repaid
- Not cancelled
I don't know how else to tell you this but SPS redeemed repaid and cancelled was NOT part of the remedy.
Yes, all shares will hit the NYSE at $50-60 after a 1000x reverse split from 5 cents.
There are plenty of people out there who've come to the same conclusion on their own.
The market prices both JPS and the common as a chance of SPS liq pref going away. Right now the market in all GSEs equity is driven by that one variable. It's a corp structure arb now. The common is very expensive and JPS are very cheap. The base line assumption the market has is…
— West Long Island (@WestLongIsland) June 20, 2024
You got that right, I'm going to sit on my 3% mortgage forever.
Remembering the answers is a whole notha ball game.
Biden release of FnF by end of this month has 0.0001% of happening. He's busy trying to memorize what he has to say for the debate next week...
Ackman is hedging his commons with JPS.
It is all of you guys who aren't hedging your commons that think you're smarter than Ackman.
That's actually some amazing foresight. 2 years later and it still holds true.
After the capital raise and upon release, your 72k shares will be worth $3.6k coming in at about 5 cents/share. There's a chance it may go even lower.🤒
Becareful what you wish for.
I thought word on the street was that I'm "Bob Corker."
🤣🤣🤣
Unparalleled entertainment on this board.
Argentina's GDP is 650B with a B, B-B-B-Billions.
FnF have T-T-T-Trillions in MBS.
That's like an appetizer.
BRYNDON FISHER?!
TIM HOWARD?!
LAMBERTH?!
PAGLIARA?!
SCOTUS?
POTUS?!
Nope.
Argentina will free FnF.
Viva la Javier Milei
Well... better fasten your seat belt so you don't fall off your chair. He welcomes dilution. 🫨
I laugh that people actually fear dilution in a "duopoly" that makes profits from govt guar MBS that are desired globally increasingly over Treasuries... Literally makes enough revenues right now in a chokehold by our gov't and people think the warrants dilution matters?
— Stankonia Capital (@StankoniaCap) June 16, 2024
No point following any legal cases because that avenue is dead. That includes Barron & Co's lawsuit.
If random ihubbers can figure out that connection... I don't think the govt goons would have trouble figuring that out.
He's accusing others of fraud when his own website doesn't even work. 🤔
https://twitter.com/StankoniaCap
Got a call from Robinhood asking me to buy FNMA.
I told him to give Argentina Boy a call instead.
"Encouraging theft" lol...
Scream all you want. Pound the table as much as you want.
No one on this board has an effect on which way the dice will roll.
That includes your supreme ruler of the legal skies, your royal highness Barron Maximus Aurelius Prime the 65th.
You know what the primary difference between us and you sole common holders are?
We believe that the Govt will continue to be a bad actor.
You believe that the Govt will willingly turn a new leaf... go to church... do some community service... and repent for what they've done.
And here I thought that one WiseMan was already too much for this world... a second one has appeared.
That's the same guy who thinks the fate of FnF is tied to Argentina.
No one is going to challenge the conservatorship... maybe except Barron & Co.
Waiting for our friend Barron.
Patiently. Waiting.
Patiently...
Calabria said it during the interview.
https://podcasts.apple.com/us/podcast/votes-verdicts/id1687098457?i=1000658510867
According to our friend Calabria, the SPS will be crammed down because the DOJ says it would be illegal to forgive them.
Networth sweep was ruled as legal.
Yeah, I mean... we've been through this multiple times now. The Govt Goons need to get it together with their goldfish memory.
Failed.
Abandoned.
History.
Hopefully all of you know that the world stopped using the gold standard because it failed...
https://en.wikipedia.org/wiki/Gold_standard
An inflexible monetary supply does not work, especially not with the way the world spends on credit cycles. This is also why Bitcoin will never become the primary money supply.
Are you implying commons eat second?
Not a charity... They're buying votes.
Forgiving sps will earn it them a grand total of 10 votes from this board.
He doesn't understand haircuts ever since he went bald.
It absolutely baffles me that no one in restructuring from any of the major investment banks have had the common courtesy to let Tim Howard know how wrong he is about the capital raise.
What a clown.
The share price isn't as important as % of equity ownership.
One $100 is equivalent to five $20 which is also equivalent to one hundred $1 bill.
Karen, your math is off.
TH is absolutely clueless. Spoken like someone who's never been through a restructuring. I don't blame him since Fannie never went through one throughout his entire time he was there. So sad.
BRUH, there ain't no fannie mae in there. WRONG BOARD.
If it hits $12.50 and there is no definitive exit news, it would be prudent to sell off a large chunk.
To go from $12.50 to PAR @$25 is a 2x.
There are plenty of other stocks out there that can 2x with significantly less risk.
That is enough for me.
I never said I had no position.
I sold off ~25% a few weeks ago.
I still have 75% of my original position left.
As much fun as it is to hang out with all of y'all. I'm preparing to exit at a moments notice as soon as it seems semi favorable. I'm not sitting through all of the ending credits of this movie.
It's been way too long.
Anywhere from $8-12 around election time is enough for me to reduce down another 50%... Aiming for 25% left by the end of this year. However, if price holds around that range after Jan 1st.
I will be exiting completely down to 0%
If Trump cinches the election in November, the euphoria could very well send the JPS close to 50% of PAR... since historically it has reached that high multiple times in the past.
I don't know about you but if your predictions is anywhere from 50-100% of PAR... I'm liquidating at least half of my position if it goes near 50% of par.
A double from 50% of PAR can be done with much less risk in another stock...